Business News
For Fed Chair Powell, March was pure madness as coronavirus response intensified
A half-hour staff meeting in a secure location.
Month: May 2020
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Tesla shares drop after Musk tweets stock price is ‘too high’
Tesla CEO Elon Musk tweeted the company’s stock price was ‘too high’ which caused shares to drop. Yahoo Finance’s Jen Rogers, Myles Udland, and Rick Newman discuss. …read more […]
Business News
Wall Street tumbles as renewed tariff threat adds to uncertainties
Wall Street sold off sharply on Friday after President Donald Trump revived a threat of new tariffs against China in response to the COVID-19 pandemic, which has brought global economies to a grinding halt.
Business News
Uber must face lawsuit claiming it stifled competition, drove out rival Sidecar
Uber Technologies Inc was ordered by a U.S. judge on Friday to face a lawsuit claiming its illegal predatory pricing and other anticompetitive practices stifled competition, and drove rival Sidecar Technologies Inc out of business.
Business News
Will U.S. exchange trading floors still be relevant post-coronavirus?
The coronavirus pandemic has upended U.S. equities trading with unprecedented market volatility and forced bourses like the New York Stock Exchange to close their trading floors, raising questions about the need for such spaces.
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White House: FDA approved Gilead drug for emergency use
Yahoo Finance’s Anjalee Khemlani breaks down the latest coronavirus news, including a new emergency FDA approval. …read more […]
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Coronavirus update: US states map out reopen strategy as fear creeps back into market
A number of U.S. states took additional steps Friday to begin to relax their lockdowns, even as fears about the coronavirus’ economic fallout resurfaced in the market and protests erupt over working conditions in supermarkets. …read more […]
Business News
Wall Street sinks on renewed tariff threat
Wall Street sold off sharply on Friday as investor risk appetite was soured by the revived specter of tariffs against China, threatened anew by U.S. President Donald Trump in retaliation for the COVID-19 pandemic which has brought global economies to a grinding halt.
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'This is life or death': Workers at Amazon, Target, Instacart hold nationwide strike on International Workers Day
Essential workers nationwide at Amazon, Whole Foods, Target, Instacart, and other companies held a coordinated strike on Friday. …read more […]
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Telefonica, Liberty Global Weigh Combining U.K. Units
(Bloomberg) — Telefonica SA and billionaire John Malone’s Liberty Global Plc are exploring a combination of their U.K. operations, people with knowledge of the matter said, in a deal that would reshape the British telecommunications industry.The companies are discussing bringing together Telefonica’s O2 wireless unit and Liberty Global’s Virgin Media business, according to the people, who asked not to be identified because the information is private. If they reach an agreement, a transaction could be announced as soon as next week, the people said.Liberty Global’s class A shares jumped as much as 14.2% in New York trading Friday, while Telefonica’s …read more […]
Business News
Fed officials worry about lasting economic scars from crisis
After rolling out trillions of dollars in support for the U.S. economy during the coronavirus pandemic, Federal Reserve officials have begun warning of potentially lasting scars to the workforce and productivity if the recovery is not handled well.
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Oracle Women Score Major Win in Court Battle Over Equal Pay
(Bloomberg) — Three female employees at Oracle Corp. scored a major victory in court, gaining the right to represent thousands of others in a gender-discrimination lawsuit over pay, a legal milestone that has eluded women at other tech titans.A California state judge certified the class action Thursday, allowing the lawsuit to advance on behalf of more than 4,000 women who claim the database giant pays men more for doing the same job.“Whether the jobs at issue in this case are substantially equal or similar is a question of fact for a jury,” California Superior Court Judge V. Raymond Swope in …read more […]
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United Parcel Service, Inc. Just Missed Earnings And Its EPS Looked Sad – But Analysts Have Updated Their Models
Last week, you might have seen that United Parcel Service, Inc. (NYSE:UPS) released its first-quarter result to the… …read more […]
Business News
Telefonica seeks to merge Britain’s O2 and Virgin Media – sources
Spain’s Telefonica SA is in talks with billionaire John Malone’s Liberty Global Plc to explore a merger of its British mobile operator O2 with cable network company Virgin Media, two sources familiar with the matter said.